₹48.18 Crores | Listing at BSE | Mon, Feb 28, 2022 - Tue, Mar 15, 2022
Tilak Ventures Limited Rights Issue comprises 9.64 Cr equity shares aggregating to ₹48.18 Cr, offered at an issue price of ₹5 per share with a face value of ₹1 per share.
The record date for determining eligible shareholders is Feb 18, 2022.
As per the terms of payment, ₹5 per share payable on application, with the balance payable in call(s).
The Rights Entitlements are expected to be credited to eligible demat accounts on Feb 25, 2022.
The Rights Issue opens on Feb 28, 2022, and closes on Mar 15, 2022, with renunciation of Rights Entitlements permitted up to Mar 8, 2022.
The deemed date of allotment is Mar 28, 2022, following which the equity shares are expected to be credited to demat accounts on Mar 29, 2022 and listed on the BSE on Apr 5, 2022.
Capital Square Advisors Pvt.Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Tilak Ventures Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Feb 18, 2022
Entitlement Ratio
:
Open Date
Mon, Feb 28, 2022
Close Date
Tue, Mar 15, 2022
| Particulars | For the year/period ended (Rs.in Millions) | ||
|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | ||
| Total Assets | 286.33 | 278.87 | |
| Total Income | 2.73 | 51.13 | |
| Profit After Tax | 2.15 | 13.65 | |
Tilak Ventures Ltd is a finance company to advance money to individuals, firms, or corporate body, and to receive money on deposits, or loans to carry business as financiers. Thus, the company is mainly into the business of financing, investment, and trading into shares, commodities, and bullion. Currently the Company is majorly into financing, investment and trading into shares, commodities, and bullion. It operates in two business segments; Finance and Commodities Activities.
The right issue proceeds will be utilized towards the following objectives;
[Dilip Davda] The company’s counter is well maintained by vested interest parties and this RI appears lucratively priced against its current trading range. However, its current performance is listless and does not match the asking price. Hence, risk seekers/cash surplus investors may consider parking of funds in this “High Risk – Low Return” bet. Read detail review...
Tilak Ventures Limited
E-109, Crystal Plaza, New Link Road,
Opposite Infinity Mall, Andheri (West),
Mumbai – 400053
Mumbai, Maharashtra, 400053
The Tilak Ventures Rights Issue opens on Mon, Feb 28, 2022, and closes on Tue, Mar 15, 2022.
Tilak Ventures Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Fri, Feb 25, 2022 |
| Last Date for renunciation of Rights Entitlements | Tue, Mar 8, 2022 |
| Issue Opening Date | Mon, Feb 28, 2022 |
| Issue Closing Date | Tue, Mar 15, 2022 |
| Date of Allotment (on or about) | Mon, Mar 28, 2022 |
| Date of Credit (on or about) | Tue, Mar 29, 2022 |
| Date of Listing (on or about) | Tue, Apr 5, 2022 |
You can apply for Tilak Ventures Rights Issue in two ways:
Steps to apply for Tilak Ventures Rights Issue using Net Banking (ASBA)
Steps to apply for Tilak Ventures Rights Issue using Registrar's website (R-WAP)
